Stark, Oded; Zakharenko, Roman - Zentrum für Entwicklungsforschung (ZEF), Rheinische … - 2011
This paper develops a one sector, two-input model with endogenous human capital formation. The two inputs are two types of skilled labor: “engineering,” which exerts a positive externality on total factor productivity, and “law,” which does not. The paper shows that a marginal prospect...